CSL Finance Limited, a growing name in the financial services sector, has formally announced a key change in its senior management team with the appointment of Mr. Ayussh Mittaal as President-Audit, designated under the Senior Management category. The announcement was made through a corporate filing on April 4, 2025, and shared with both the National Stock Exchange of India (NSE) and BSE Limited, as per the compliance requirements of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This appointment marks a strategic move for CSL Finance, as Mr. Mittaal comes with a rich professional background and academic excellence, making him a valuable addition to the firm’s top leadership. As disclosed in the annexure attached with the regulatory filing, Mr. Ayussh Mittaal is a qualified Chartered Accountant from the 2016 batch and holds a Bachelor’s degree in Commerce from Delhi University.

He has spent over a decade in the capital and forex markets, with significant exposure in taxation, corporate litigation, and restructuring matters. Mr. Mittaal’s career has spanned various professional advisory roles where he has been instrumental in managing operational and strategic functions, contributing effectively to organisational development and regulatory compliance.

The appointment of Mr. Mittaal is effective from April 3, 2025, and it reflects the company’s commitment to enhancing its internal audit, governance, and compliance frameworks. His responsibilities as President-Audit will likely encompass oversight on internal financial controls, audit planning and execution, risk management coordination, and aligning audit objectives with the strategic vision of the organisation.

The filing also confirmed that this appointment does not pertain to a director position, and hence there are no disclosure requirements regarding relationships with directors under this notification.

CSL Finance Ltd. has made the announcement in line with the updated guidance under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, which mandates detailed disclosure formats for changes in key managerial and senior management positions. The proactive compliance reflects the company's strong governance practices and transparent communication with stakeholders.

This leadership transition indicates a renewed strategic emphasis on internal controls, regulatory preparedness, and audit excellence, especially crucial for financial institutions operating in a highly regulated environment like NBFCs and financial services.

As part of its broader growth trajectory, CSL Finance has been expanding its operational presence, service portfolio, and digital capabilities. The addition of a seasoned financial expert like Mr. Mittaal could serve as a growth enabler, particularly by strengthening risk mitigation practices, tax compliance oversight, and corporate governance.

The regulatory filing, signed by Preeti Gupta, Company Secretary and Compliance Officer of CSL Finance, was dispatched from the company’s corporate office at World Trade Tower, Sector 16, Noida, while its registered office remains located in Karol Bagh, New Delhi. The CIN of the company is L74899DL1992PLC051462, and it is listed under symbol CSLFINANCE on NSE and scrip code 530067 on BSE.

The market often views such appointments positively, especially when they bring strong audit discipline and strategic financial expertise into leadership roles. It reflects an organisational effort to stay compliant, efficient, and future-ready, amidst a landscape of evolving regulatory norms and rising investor scrutiny.

Going forward, it will be worth observing how Mr. Mittaal's inclusion in the senior management team influences CSL Finance's internal audit strategy, financial disclosures, and overall governance ethos. Investors, analysts, and regulatory bodies will likely monitor his contributions closely, especially in forthcoming quarterly results and annual compliance reports.

With his extensive experience in financial systems, regulatory processes, and corporate litigation, Mr. Mittaal is poised to drive operational excellence in audit functions and ensure that CSL Finance meets and exceeds the expectations of stakeholders, including regulators, investors, and customers.

This appointment is expected to strengthen CSL Finance’s leadership team and equip it better for scale, complexity, and compliance in the evolving financial ecosystem of India.

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